by brendywendy »
18 Aug 2011 11:23
RoyalBlue brendywendy DOYLERSAROYALER ..he's not looking for a billionaire investor...because he knows that no billionaire investor (with deep pockets) will be buying Reading...theyll be buying a premiership team ...this is just part of JM's PR bandwagon to keep him in the public limelight ...
..he also knowsthat by selling the club..he will slip into media obscurity, oh apart from the Madejski Academy being featured in the local rag.......and thats why he will never sell .....so settle in for loads of selling and very little buying
what i massive stinking turd of a post.
the onky way he'll ever get his money back is by selling you dilbert
or is beinng on TV for 2 seconds every other month worth 40 million+?
Just how much money is he owed? And what is to stop him taking gradual repayment of his loans? (unless he blows all our assets on filling the recurring black holes in the wonderfully run business.
And for some, who crave being the centre of attention, maybe it is money well spent.
£40M? Where does that figure come from?[/quote]
look it up!
40 million was loan for the stadium etc.
i believe the majority of that(i ts down to around 15-20 million? maybe less) has been converted to shares in the club for the chairman, so hell only get it back only when he sells.(ie as repayment on money he lent to RFC, he has converted it to stock in a business he already owns)but i imagine hes looking to amaybe double that when he sells up.
there is absolutely nothing stopping the man taking his loans back- although he has taken
nothing but interest on them in all the accounts published so far, and even thats at very preferential rates.
get your head screwed on about the business side of our club. hes not robbing us of anything, and what other clubs have been making profits from football over the last 4 years?
& get a grip over the football side of things- what other teams have been relegated from the prem, not gone down further, remained competetive, and made a profit?